Lukoil, officially known as Lukoil Oil Company, is a prominent player in the electricity sector, specialising in petroleum and other oil derivatives. Headquartered in Russia, the company operates extensively across various regions, including Europe, the Middle East, and Africa. Founded in 1991, Lukoil has achieved significant milestones, establishing itself as one of the largest oil companies globally.
The company’s core offerings include crude oil production, refining, and the distribution of petroleum products, which are distinguished by their commitment to quality and innovation. Lukoil's strategic focus on sustainable practices and technological advancements has solidified its market position, making it a leader in the energy sector. With a robust portfolio and a reputation for reliability, Lukoil continues to drive progress in the oil and energy industry.
+9 vs industry average
Lukoil’s score of 20 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Petroleum Electricity is among the most carbon-intensive industries
Industry performance
The Petroleum Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Lukoil's reported carbon emissions
PJSC Lukoil, headquartered in RU and operating in the electricity by petroleum and other oil derivatives sector, reported a total of approximately 41.8 billion kg CO2e in emissions for the year 2023. This figure encompasses Scope 1 and Scope 2 emissions, with Scope 1 emissions totalling about 36.9 billion kg CO2e and Scope 2 emissions at approximately 4.9 billion kg CO2e. In 2022, Lukoil's Scope 1 and 2 emissions were approximately 46.9 billion kg CO2e. The previous year, 2021, saw these emissions at around 41.5 billion kg CO2e. For 2020, the combined Scope 1 and 2 emissions were approximately 43.6 billion kg CO2e. In 2019, the company reported Scope 1 and 2 emissions of about 48.4 billion kg CO2e. Emissions for 2018 were approximately 48.5 billion kg CO2e, and in 2017, they stood at around 50.9 billion kg CO2e. For 2016, Scope 1 emissions were approximately 31.3 billion kg CO2e, with Scope 2 data not reported for that year. Lukoil has set a near-term target to reduce its controlled GHG emissions (Scope 1 + Scope 2) by 20% compared to the 2017 level, aiming for this by 2024. The company does not currently disclose Scope 3 emissions data.
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Lukoil’s Climate Goals (2030 & 2050)
2 goals2024
20% reduction in Scope 2
To reduce controlled GHG emissions (Scope 1 + Scope 2) by 20% compared to the 2017 level.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Lukoil
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